Compound interest – Meaning, Formula and Solved Examples Compound interest is a way of calculating interest where the interest earned over time is added back to the principal, so that the interest in the next period is calculated on the new total (which includes the previously earned interest). This means we earn interest on the […]
Read More →Difference between Simple Interest and Compound Interest We know that many financial services especially in banking simple interest and compound interest are widely used. Loans such as educational loans, auto loans, use simple interest. Compound interest mostly used by the saving account as it pay the interest. The main difference between simple interest and compound […]
Read More →Place Value-International and Indian System Indian Place Value System Place value is defined as the numerical value of each digit in a number depending on its position or place. Let’s take a number 155. Here we note that the digit 5 is used twice in this number. Both 5 have a different values. So the […]
Read More →Simple Interest: Definition, Examples and Formulas What is interest? First lets understand what is Interest. When we borrow money from a bank, we must pay a fee in addition to the amount borrowed. The extra money we pay is known as the interest. Interest is an additional amount of money that is paid by the […]
Read More →Place Value – Charts – Definition, Facts, Examples, With Solutions What is Place Value We across all time various numbers consists of digits. Digits may be one digit or two digits, three digits or many more. As the name suggests, Place Value is related to the position or place. The value of each digit in […]
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